Some creditors of bankrupt crypto lender Genesis Global have asked the court to appoint a mediator. Genesis owner DCGco says the move will prolong the bankruptcy proceedings. By parikshitm899 reports.
Creditors of bankrupt crypto lender Genesis Global have asked a court to appoint a mediator for the bankruptcy proceeding, according to court documents. Genesis' owner said the move reflects the decision of a group of the creditors to walk away from a preliminary agreement.
After reaching a pact earlier this year with Genesis owner Digital Currency Group , the creditors said in a filing at the bankruptcy court for the Southern District of New York on Monday that they're seeking a mediator over"the amount, form, timing and other terms and conditions of DCG’s contribution to the debtors’ reorganization plan." DCG is also the parent company of CoinDesk.
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